U.S. District Court Invalidates Two Provisions of the CFPB's Prepaid Rule: The Disclosure Clauses and the Thirty-Day Credit Linking Restriction | Troutman Pepper
To embed, copy and paste the code into your website or blog: On December 30, 2020, Judge Richard J. Leon on the United States District Court for the District of Columbia entered an Order in PayPal, Inc. v. Consumer Financial Protection Bureau, et al., No. 19-3700-RJL, 2020 WL 7773392 (D.D.C. Dec. 30, 2020) invalidating two provisions of the Consumer Financial Protection Bureau (“the CFPB” or “Bureau”)’s “Prepaid Rule” (“the Rule”): (i) the mandatory short-form fee disclosure requirement, and (ii) the requirement for a thirty-day waiting period before linking prepaid product...
Source: jdsupra.com